tag:blogger.com,1999:blog-53246864840716464.post5591057052076363224..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Nobel Economist: Ban Over-the-Counter Credit Default SwapsUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-53246864840716464.post-55684943630886386552010-04-03T12:00:46.023-07:002010-04-03T12:00:46.023-07:00The big problem with CDSs is that they have become...The big problem with CDSs is that they have become a major tool for criminalization of banking processes. Wall Street banks operate like this was Russia -- tearing into any bribeable target. Google [ jefferson county cds chase sec ]. JPMC is worse than any living Russian oligarch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-52398753141735573992010-01-14T21:31:28.196-08:002010-01-14T21:31:28.196-08:00SWPPP is for Stormwater Pollution Prevention Plans...SWPPP is for Stormwater Pollution Prevention Plans. All construction sites in the US are required to have a plan. This plan is used to keep polluted water from going down the drain during a rainstorm. The water becomes poluted because the construction job removes vegetation.Then the storm picks up the loose dirt and carries the dirt away. This polutes the water systems.Swppphttp://advancedcivilgroup.com/swppp/noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-87045676498690378852009-03-09T08:08:00.000-07:002009-03-09T08:08:00.000-07:00There is no way to unwind them. The amount it woul...There is no way to unwind them. The amount it would take to buy them all is estimated at a quadrillion dollars, more money then exists in the world. The only possible solution is since they represent nothing in the real world and are really just betting slips you simply throw them away. <BR/>Yep , lots of people including pension funds will be hurt but not as bad as they will hurt if we don't do it.Anonymoushttps://www.blogger.com/profile/13156080225918567393noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-11608158963390904392009-03-09T04:26:00.000-07:002009-03-09T04:26:00.000-07:00However rotten or crooked they are (cds's) how do ...However rotten or crooked they are (cds's) how do you unwind them fairly? And how much moral hazard will remain on the one side and balance sheet destruction on the other if we just blow up the contracts.<BR/>What an opening for corruption, and then <BR/>where is fairness?<BR/>It is only the mercy of the victor that can grant release with honour, face saved for both parties and stability for the wider economy.<BR/>Who has such mercy? What corporation has written such mercy into their mission statements?auroraaustraliishttps://www.blogger.com/profile/02668206490679792609noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-27411780062195280812009-03-08T09:08:00.000-07:002009-03-08T09:08:00.000-07:00CDS's simply need to go , without them this housin...CDS's simply need to go , without them this housing bubble would not have been built and the castle wall would not be crumbling. To get a functioning market with a normal pattern would be a good thing.Anonymoushttps://www.blogger.com/profile/13156080225918567393noreply@blogger.com